All nine sectors moved
lower on Thursday…the strongest sectors
were XLE, XLK and XLV…the weakest sector was XLU.
Breadth weakened as decliners led advancers 2.18 to 1 on
the NYSE and 2.19 to 1 on the NASDAQ.
Thursday – weakened, decliners led
Wednesday –
strengthened, decliners led
Tuesday – strengthened,
decliners led
Monday – weakened,
decliners led
Friday – weakened,
decliners led
SPY down 1.19 at 210.18 on 90.4 million shares
VIX up .52
at 12.64…
TNX down .45 at 22.77…
TLT up 1.49 at 121.09…
XLF down .22 at 25.36 on 29.7 million shares
AAPL down .06 at 125.16 on 50.9
million shares
FB down 1.60 at 95.44 on 29.3 million
shares
Technical Commentary:
IWM -1.10%, QQQ -0.37%, DIA -0.37%, SPY
-0.56%.
Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.
Earnings Week of July 13
Monday – EXAS, HAL, HAS, IBM, MS,
ZION
Tuesday – BHI, CMG, GPRO, HOG, ILMN,
IBKR, LLTC, MSFT, SKX, TRV, VZ, VMW, YHOO,
Wednesday – ALTR, AXP, AAPL, BA,
CHKP, KO, FFIV, FTNT, LVS, QCOM, RCL, SNDK, TSCO, XLNX,
Thursday – MMM, AMZN, CA, CMCSA,
DOW, ETFC, FCX, FSL, GM, GIMO, JNPR, KLAC, MCD, NDAQ, OSTK, P, PHM, LUV, SBUX, TRIP, UA, UNP, UAL, VRSN, V,
Friday – AAL, BIIB, SAVE, STT,
Q1 Earnings Reaction
Positive Reactions – WHR, CHKP, PKG, TMO, VMW, ACE, APH,
OC, BA, IPG, CLI, MANH, LAD, WWW, HAS, HAL, GOOG, HTZ, HON, GE, NFLX, SCHW, EBAY, C,
USB, DAL, BAC, WFC, JPM, NKE, AA
More than 10% - GOOG, GOOGL, HTZ, NFLX,
Negative Reactions – AAPL, ILMN, BEAV, LLTC, MSFT,
YHOO, EXAS, STI, UNH, MAT, KEY, YUM, FAST, CUDA, MU
More than -10% - BEAV, CUDA, MU
Reversal in progress –
Reversal of Initial
Reaction –
Short-term Chart Targets:
SPY = 212.59, 214.90...
QQQ = 114.41, 116.43…
IWM = 125.63, 128.55…
Support Levels
SPY = 210.78, 208.94...
QQQ = 111.13, 110.00…
IWM = 124.75, 123.37...
The SPX Market Forecast is moving up and is at 84.
___________________
Setups
Horizontal Breakout: AMBA,
CIEN, EXPE, GME, NTES, OCN, SVXY, HOG, JASO, LVS, BIDU,
Diagonal Breakout: JUNO,
Bull Flag: RCL, SCTY, V, W, LNKD, AMZN, EA, FB, NFLX, PCLN,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support: BBRY, RAX, DTV,
C- Pattern:
Moves
New Highs: PANW, CELG,
MNST,
H Breakout: CTRP,
CYBR, HPQ, SPLK, NTAP,
D Breakout: SINA, WYNN,
Breakout Test:
Bull Flag Bounce: W, YOKU,
MACD Divergence Bounce:
TXN, XLNX,
Bounce: ATI, FEYE, GOGO, IBM, AVGO, BRCM, ILMN, MSFT, MU,
Gap Up: JNPR, SWKS, UA,
AAL, SNDK,
Gap Down: SCSS, QCOM,
C- Pattern:
Bear Flag:
Support Break: TBT, TSL, MTW,
______________________
Watch List Stocks
Leading stocks > +2% on Thursday: CYBR, UA, ATI, YOKU, FEYE, SINA,
SHAK, GPRO, SWKS, SHOP, OCN, PANW, SPLK, W
Lagging stocks < -2.0% included: SUNE, DGLY, GLNG, SCTY, ASNA, ETFC, BX,
TBT, UNG, FAS, JCP, CRM, TSL, HABT, TPX, RCL
43 of 100
NDX stocks closed higher on Thursday.
Leading NDX 100 stocks included: SNDK, MU, SBAC, NXPI, WYNN, AAL, TXN, ADI, KLAC,
AVGO
Lagging NDX stocks included: QCOM, CMCSA, MAR, CERN, GOOG, SPLS, STX, MYL,
KHC, BIIB
NDX Stocks to Watch on
Friday
Moving Above 30 DMA = 5
CSCO, MSFT, SBAC, SNDK, WYNN
Moving Below 30 DMA = 3
LBTYA, MAR, VRSK
6-month Intermediate
Term Market Trend: Up
3-day Short Term Market
Trend: Down
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